The market extended last week's losses today with Sensex declining nearly 860 points in the last four trading sessions. The market moved between positive and negative zone today.
Reliance Industries dropped. Ambuja Cements fell more than 5%, Hindalco Industries and Grasim Industries fell more than 4.5% each. HDFC spurted. European markets edged higher after weak start. Asian markets which opened before Indian market were mostly in the red.
The BSE 30-share Sensex ended down 78.52 points or 0.53% to 14,645.66. The key benchmark indices had recovered after opening weak dampened by latest economic data which showed India's wholesale price index rose to a 16-year high. At day's high of 14,824.92 hit in mid-morning trade, the index gained 100.74 points. At the day's low of 14,600.65, the Sensex lost 123.53 points in late trade.
The S&P CNX Nifty was down 37.65 points or 0.85% to 4,393.05.
Sensex has lost 858.26 points or 5.86% from a recent high of 15503.92 hit on 11 August 2008. The barometer index is down 5641.33 points or 27.8% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6,561.11 points or 30.93% away from its all-time high of 21,206.77 struck on 10 January 2008.
The BSE clocked a turnover of Rs 3,832 crore today as compared to a turnover of Rs 4,882.32 crore on Thursday 14 August 2008.
Nifty August 2008 futures were at 4,409.25, a premium of 16.2 points as compared to spot closing of 4393.05. NSE's futures & options (F&O) segment turnover was Rs 39,680.22 crore, lower than Rs 47,643.15 crore on Thursday, 14 August 2008.
As per provisional figures on BSE, foreign institutional investors sold shares worth Rs 475.50 crore today, 18 August 2008 and domestic funds bought shares worth Rs 128.91 crore.
The BSE Mid-Cap index was down 0.71% to 5,781.80 and the BSE Small-Cap index was down 1.04% at 7,036.61.
BSE IT index (up 0.75% to 3,926.38), BSE Teck index (down 0.13% to 3,052.49), BSE Bankex (down 0.25% to 6,885.37), BSE HealthCare (down 0.34% to 4,267.34), BSE Capital Goods index (down 0.41% to 12,088.57) outperformed Sensex.
BSE Oil & Gas index (down 1.97% to 9,996.61), BSE Metal index (down 1.82% to 12,364.17), BSE Power index (down 1.52% to 2,608.35), BSE Auto index (down 1.28% to 3,882.66), BSE Consumer Durables index (down 1.13% to 3,828.18), BSE FMCG index (down 0.7% to 2,178.20), BSE PSU index (down 0.63% to 6,942.30) and BSE Realty index (down 0.62% to 5,131.61) underperformed Sensex.
The market breadth was negative on BSE with 930 shares advancing as compared to 1,668 that declined. 78 shares remained unchanged.
India's largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 2.21% at Rs 2,224.95.
Public sector oil marketing fell as crude oil price bounced back from a recent low. BPCL (down 2.25% to Rs 309.05), Indian Oil Corporation (down 0.64% to Rs 437.75) and HPCL (down 3.63% to Rs 215) edged lower.
Bank stocks were mixed after subdued start even as high inflation raised concerns of further monetary tightening by the Reserve Bank of India. India's second largest private sector bank in terms of net profit HDFC Bank rose 2.14% to Rs 1,200.40. It recovered from the session's low of Rs 1,163. India's largest private sector bank by net profit ICICI Bank fell 1.23% to Rs 665. India's largest commercial bank State Bank of India fell 0.03% to Rs 1,457.75. It recovered from the session's low of Rs 1,425.
India's largest dedicated home loan lender by operating income HDFC rose 3.12% to Rs 2,359.75.
Inflation as measured by wholesale price index rose 12.44% in the week to 2 August 2008, a 16-year high propelled by rise in the cost of pulses, fruits, spices and aviation turbine fuel. Inflation increased at a rate of 12.01% in the previous week. High inflation will mean that tight monetary policy stance by the central bank may continue.
IT stocks jumped as rupee weakened further against the dollar. BSE IT index rose 0.63% to 3,921.40 and was the major gainer from the sectoral indices on BSE. Satyam Computer Services (up 1.75% to Rs 419.10), Infosys (up 0.77% to Rs 1,702.40), Wipro (up 0.64% to Rs 431.90) and Tata Consultancy Services (up 1.24% to Rs 841.80) edged higher.
India's rupee fell for a fifth day, the longest losing streak in more than eight months, on speculation refiners stepped up purchases of crude oil.
Metal stocks fell. India's largest aluminum producer by sales Hindalco Industries fell 4.53% to Rs 129.65. The company has fixed the price of its rights issue at Rs 96 per share, at a premium of Rs 95 per share. The equity shares are of a face value of Rs 1 per share. The board of directors of the company at its meeting on Thursday fixed the ratio of rights entitlement at three equity shares for every seven equity shares held by the shareholders. The record date for the rights issue has been fixed as 5 September 2008, a company release said.
Steel Authority of India (down 2.47% to Rs 139.95), Tata Steel (down 2.14% to Rs 603), Sterlite Industries (down 1.43% to Rs 611.35), National Aluminum Company (down 0.1% to Rs 392.20) edged lower.
Grasim Industries (down 4.52% to Rs 1,963.50), Ambuja Cements (down 5.37% to Rs 80.15), ACC (down 2.52% to Rs 594.40), edged lower from the Sensex pack.
Larsen & Toubro (up 1.29% to Rs 2,694.95), ONGC (up 0.73% to Rs 1,074.20), Hindustan Unilever (up 1.19% to Rs 241.75), edged higher from the Sensex pack.
India's second largest telecom services provider by sales Reliance Communications was down 2.71% to Rs 412.40. The company added 1.75 million wireless users in July 2008, taking its total user base to 52.5 million, the company said on Thursday, 14 August 2008.
India's largest tractor maker by sales Mahindra & Mahindra down 2.56% to Rs 568.10 . The company said today it would take a 51% stake in a joint venture with a Chinese firm and the ventrue would acquire the latter's tractor operations for $50 million.
Reliance Natural Resources clocked the highest volume of 1.49 crore shares on BSE. Reliance Petroleum (83.55 lakh shares), Vishal Information Technologies (75.34 lakh shares), Kaashyap Technologies (62.19 lakh shares) and IFCI (53.59 lakh shares) were the other volume toppers in that order.
Reliance Capital clocked the highest turnover of Rs 225 crore on BSE. Reliance Industries (Rs 199.36 crore), Vishal Information Technologies (Rs 197.05 crore), Reliance Natural Resources (Rs 144.15 crore) and Reliance Petroleum (Rs 132.52 crore) were the other turnover toppers in that order.
Asian markets were trading lower today, 18 August 2008. China's Shanghai Composite, Hong Kong's Hang Seng, Taiwan's Taiwan Weighted, Singapore's Straits Times, South Korea's Seoul Composite were down by between 0.28% to 5.34%. However, Japan's Nikkei rose 1.12%.
In Europe, France's CAC 40, Germany's DAX and UK's FTSE 100 were up between 0.37% to 0.95%.
US markets ended mixed on Friday, 15 August 2008. The Dow Jones Industrial Average advanced 43.97 points, or 0.38%, to 11,659.90. The S&P 500 index gained 5.26 points, or 0.41%, to 1,298.20. However the Nasdaq Composite index declined 1.15 points, or 0.05%, to 2,452.52.
Indian government on Thursday, 14 August 2008, said private pension funds would be allowed to invest 15% of their assets in stock markets from 1 April 2009, from the current 5%. Non-government pension funds will be allowed to invest up to 55% of the assets in federal, state and debt mutual funds.
Reliance Industries dropped. Ambuja Cements fell more than 5%, Hindalco Industries and Grasim Industries fell more than 4.5% each. HDFC spurted. European markets edged higher after weak start. Asian markets which opened before Indian market were mostly in the red.
The BSE 30-share Sensex ended down 78.52 points or 0.53% to 14,645.66. The key benchmark indices had recovered after opening weak dampened by latest economic data which showed India's wholesale price index rose to a 16-year high. At day's high of 14,824.92 hit in mid-morning trade, the index gained 100.74 points. At the day's low of 14,600.65, the Sensex lost 123.53 points in late trade.
The S&P CNX Nifty was down 37.65 points or 0.85% to 4,393.05.
Sensex has lost 858.26 points or 5.86% from a recent high of 15503.92 hit on 11 August 2008. The barometer index is down 5641.33 points or 27.8% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6,561.11 points or 30.93% away from its all-time high of 21,206.77 struck on 10 January 2008.
The BSE clocked a turnover of Rs 3,832 crore today as compared to a turnover of Rs 4,882.32 crore on Thursday 14 August 2008.
Nifty August 2008 futures were at 4,409.25, a premium of 16.2 points as compared to spot closing of 4393.05. NSE's futures & options (F&O) segment turnover was Rs 39,680.22 crore, lower than Rs 47,643.15 crore on Thursday, 14 August 2008.
As per provisional figures on BSE, foreign institutional investors sold shares worth Rs 475.50 crore today, 18 August 2008 and domestic funds bought shares worth Rs 128.91 crore.
The BSE Mid-Cap index was down 0.71% to 5,781.80 and the BSE Small-Cap index was down 1.04% at 7,036.61.
BSE IT index (up 0.75% to 3,926.38), BSE Teck index (down 0.13% to 3,052.49), BSE Bankex (down 0.25% to 6,885.37), BSE HealthCare (down 0.34% to 4,267.34), BSE Capital Goods index (down 0.41% to 12,088.57) outperformed Sensex.
BSE Oil & Gas index (down 1.97% to 9,996.61), BSE Metal index (down 1.82% to 12,364.17), BSE Power index (down 1.52% to 2,608.35), BSE Auto index (down 1.28% to 3,882.66), BSE Consumer Durables index (down 1.13% to 3,828.18), BSE FMCG index (down 0.7% to 2,178.20), BSE PSU index (down 0.63% to 6,942.30) and BSE Realty index (down 0.62% to 5,131.61) underperformed Sensex.
The market breadth was negative on BSE with 930 shares advancing as compared to 1,668 that declined. 78 shares remained unchanged.
India's largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 2.21% at Rs 2,224.95.
Public sector oil marketing fell as crude oil price bounced back from a recent low. BPCL (down 2.25% to Rs 309.05), Indian Oil Corporation (down 0.64% to Rs 437.75) and HPCL (down 3.63% to Rs 215) edged lower.
Bank stocks were mixed after subdued start even as high inflation raised concerns of further monetary tightening by the Reserve Bank of India. India's second largest private sector bank in terms of net profit HDFC Bank rose 2.14% to Rs 1,200.40. It recovered from the session's low of Rs 1,163. India's largest private sector bank by net profit ICICI Bank fell 1.23% to Rs 665. India's largest commercial bank State Bank of India fell 0.03% to Rs 1,457.75. It recovered from the session's low of Rs 1,425.
India's largest dedicated home loan lender by operating income HDFC rose 3.12% to Rs 2,359.75.
Inflation as measured by wholesale price index rose 12.44% in the week to 2 August 2008, a 16-year high propelled by rise in the cost of pulses, fruits, spices and aviation turbine fuel. Inflation increased at a rate of 12.01% in the previous week. High inflation will mean that tight monetary policy stance by the central bank may continue.
IT stocks jumped as rupee weakened further against the dollar. BSE IT index rose 0.63% to 3,921.40 and was the major gainer from the sectoral indices on BSE. Satyam Computer Services (up 1.75% to Rs 419.10), Infosys (up 0.77% to Rs 1,702.40), Wipro (up 0.64% to Rs 431.90) and Tata Consultancy Services (up 1.24% to Rs 841.80) edged higher.
India's rupee fell for a fifth day, the longest losing streak in more than eight months, on speculation refiners stepped up purchases of crude oil.
Metal stocks fell. India's largest aluminum producer by sales Hindalco Industries fell 4.53% to Rs 129.65. The company has fixed the price of its rights issue at Rs 96 per share, at a premium of Rs 95 per share. The equity shares are of a face value of Rs 1 per share. The board of directors of the company at its meeting on Thursday fixed the ratio of rights entitlement at three equity shares for every seven equity shares held by the shareholders. The record date for the rights issue has been fixed as 5 September 2008, a company release said.
Steel Authority of India (down 2.47% to Rs 139.95), Tata Steel (down 2.14% to Rs 603), Sterlite Industries (down 1.43% to Rs 611.35), National Aluminum Company (down 0.1% to Rs 392.20) edged lower.
Grasim Industries (down 4.52% to Rs 1,963.50), Ambuja Cements (down 5.37% to Rs 80.15), ACC (down 2.52% to Rs 594.40), edged lower from the Sensex pack.
Larsen & Toubro (up 1.29% to Rs 2,694.95), ONGC (up 0.73% to Rs 1,074.20), Hindustan Unilever (up 1.19% to Rs 241.75), edged higher from the Sensex pack.
India's second largest telecom services provider by sales Reliance Communications was down 2.71% to Rs 412.40. The company added 1.75 million wireless users in July 2008, taking its total user base to 52.5 million, the company said on Thursday, 14 August 2008.
India's largest tractor maker by sales Mahindra & Mahindra down 2.56% to Rs 568.10 . The company said today it would take a 51% stake in a joint venture with a Chinese firm and the ventrue would acquire the latter's tractor operations for $50 million.
Reliance Natural Resources clocked the highest volume of 1.49 crore shares on BSE. Reliance Petroleum (83.55 lakh shares), Vishal Information Technologies (75.34 lakh shares), Kaashyap Technologies (62.19 lakh shares) and IFCI (53.59 lakh shares) were the other volume toppers in that order.
Reliance Capital clocked the highest turnover of Rs 225 crore on BSE. Reliance Industries (Rs 199.36 crore), Vishal Information Technologies (Rs 197.05 crore), Reliance Natural Resources (Rs 144.15 crore) and Reliance Petroleum (Rs 132.52 crore) were the other turnover toppers in that order.
Asian markets were trading lower today, 18 August 2008. China's Shanghai Composite, Hong Kong's Hang Seng, Taiwan's Taiwan Weighted, Singapore's Straits Times, South Korea's Seoul Composite were down by between 0.28% to 5.34%. However, Japan's Nikkei rose 1.12%.
In Europe, France's CAC 40, Germany's DAX and UK's FTSE 100 were up between 0.37% to 0.95%.
US markets ended mixed on Friday, 15 August 2008. The Dow Jones Industrial Average advanced 43.97 points, or 0.38%, to 11,659.90. The S&P 500 index gained 5.26 points, or 0.41%, to 1,298.20. However the Nasdaq Composite index declined 1.15 points, or 0.05%, to 2,452.52.
Indian government on Thursday, 14 August 2008, said private pension funds would be allowed to invest 15% of their assets in stock markets from 1 April 2009, from the current 5%. Non-government pension funds will be allowed to invest up to 55% of the assets in federal, state and debt mutual funds.
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